Hili Ventures has successfully completed the privatisation of Tigné Mall, marking the end of its tenure as a publicly listed company.

The Malta Financial Services Authority (MFSA) approved the discontinuation of the listing of all the company’s issued share capital on the Official List of the Malta Stock Exchange, effective 3rd February 2025.

In a statement, the company expressed its gratitude to its shareholders for their unwavering support and pivotal role in its success over the years.

"The company would like to take this opportunity to thank all its shareholders for their support and for playing a crucial role in its success over the years," the announcement read.

The move to take Tigné Mall private underscores Hili Ventures’ strategic shift towards greater operational flexibility and long-term growth. While the delisting marks the end of an era for Tigné Mall as a publicly traded entity, it opens a new chapter for the company under Hili Ventures’ full ownership, via its Marsamxett Properties Ltd subsidiary.

The entire transaction, which involved the acquisition of major shareholdings from BOV, HSBC Malta, and MAPFRE MSV Life, is estimated to have cost around €50 million.

This figure was calculated based on information made available to the public in Tigné Mall’s company announcements and with reference to the share price as at the closing date of certain transactions.

The mall had been sold by its originally owner, MIDI, in 2013, in a transaction estimated to have been around €20 million at the time.

Tigné Mall is the owner and operator of The Point, a premier shopping and lifestyle destination in Malta that has been a cornerstone of the island’s retail landscape since its inception.

Tigné Mall’s Board of Director had previously emphasised that, based on Marsamxett Properties Limited’s stated plans, the takeover would not lead to significant changes to the company’s business operations, employment structure, or strategic outlook.